Multiple Choice
Suppose a consumer can purchase only two goods,pasta and cheese.Let the quantity of pasta be measured on the vertical axis and the quantity of cheese be measured on the horizontal axis.If the price of pasta falls,with no change in the price of cheese or in the consumer's money income,then the budget line for the consumer will rotate
A) outward parallel to the existing budget line.
B) toward the origin and become steeper.
C) away from the origin and become steeper.
D) away from the origin and become flatter.
E) toward the origin and become flatter.
Correct Answer:

Verified
Correct Answer:
Verified
Q24: An indifference curve plotted for two different
Q25: Economists usually assume that consumers<br>A)are poor judges
Q26: Suppose Arun consumes only 2 goods -
Q27: The table below shows the total
Q28: Any consumption point that is on the
Q30: The idea that the utility a consumer
Q31: FIGURE 6- 9 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5440/.jpg" alt="FIGURE 6-
Q32: The table below shows the total
Q33: The table below shows the quantities
Q34: In which of the following situations will